This comparison includes lifetime mortgages. To understand the features and risks, ask for a personalised illustration from a lifetime mortgage company. Check that this type of mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice. Your home may be repossessed if you do not keep up repayments on your mortgage.

504 results found, sorted by affiliated products first and lowest annual rate (AER). How we order our comparisons.

How to choose an equity release mortgage

You can use equity release to raise money from the value of your home if you own it yourself. Decide if you want to use it to provide:

A lump sum

A monthly income

Which type of equity release mortgage should you choose?

You can release equity from your home using:

Lifetime mortgages, which lend you a lump sum secured against your home that is paid back when your home is sold. You still own your home, and the amount you owe increases over time as interest is added.

Home reversion schemes, which let you sell all or part of your home to the provider in return for a lump sum or monthly income. You can continue to live in your home rent free for the rest of your life.

Get financial advice

Speaking to an independent financial adviser could help you decide which scheme to use and work out the risks, costs and benefits of releasing equity from your home.

A financial adviser could also help you find the cheapest deal.

Choose a mortgage

If you decide to get a lifetime mortgage, you can find one using this comparison, which lists the monthly interest rate and maximum LTV for every deal. You could also get a quote from an equity release broker, which comes with expert financial advice.

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here. You do not pay any extra and the deal you get is not affected.

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